TPG Asia in Multiple Transactions With Property Guru
August 3, 2021
August 3, 2021
Cleary Gottlieb is representing TPG Asia in a number of transactions involving its portfolio company, PropertyGuru Pte. Ltd. (Property Guru), including:
The REA transaction was signed on May 30, 2021, and closed on August 3, 2021.
The business combination and PIPE financing was signed on July 23, 2021, and is expected to close in the fourth quarter of 2021 or the first quarter of 2022.
Property Guru is one of Asia’s leading property technology companies that provides digital property marketplaces to match buyers and tenants with sellers and landlords; digital marketing services for property agents and developers; SaaS-based sales process automation for property developers, a digital mortgage marketplace and brokerage; and property data consultancy services for banks, valuers, and property developers.
REA Group is an ASX-listed, global digital business, which is majority-owned by Rupert Murdoch’s News Corp. and specializes in property marketplaces, property technology, and data assets.